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Morgan Stanley expert Kristine Liwag raised her terms people connected Firefly banal today.
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The shares instantly roseate to deed her people -- past ran close past it.
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10 stocks we similar amended than Firefly Aerospace ›
Firefly Aerospace (NASDAQ: FLY) banal jumped successful greeting trading aft Morgan Stanley expert Kristine Liwag raised her terms people connected the rocket banal 22% to $33 per share.
As of 10:30 a.m, ET Friday, Firefly shares are up 12.2%.
Don't get too excited. Liwag lone rates Firefly banal "equal weight" aft all; she's not saying you should really bargain it. Also, aft today's stock terms spike, Firefly already costs more than her targeted $33 stock price. (So possibly you shouldn't really bargain it astatine all.)
Nevertheless, the mild endorsement is simply a tiny affirmative for the stock.
Liwag says abstraction investors "are watching the grade to which assistance providers tin commercialize caller offerings and meaningfully summation cadence this year," reports TheFly.com. On Firefly successful particular, the expert says the absorption is connected the stock's valuation "ahead of Flight 7's launch."
According to Firefly's website, FLTA007 (there's a fortunate fig for you!) volition instrumentality disconnected sometime successful Q1 2026.
With Morgan Stanley urging america to look astatine the valuation connected Firefly up of the launch... let's bash that.
Unprofitable and burning currency astatine the complaint of astir $200 cardinal per year, Firefly tin truly lone beryllium valued connected its income close now. Those full $111 cardinal implicit the past 12 months, giving the $5.3 cardinal banal a price-to-sales ratio of much than 47 times. That's considerably much than the 4x income valuation historically assigned to unprofitable abstraction stocks, though.
For this reason, I hold with Morgan Stanley that the banal is not yet a "buy" -- and it's really astir apt person to a "sell" astatine its existent price.
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